In the wake of the collapse of TerraUSD, an algorithmic stablecoin, it was widely expected that financial regulators would take swift action to set some ground rules for stablecoins. (See “Terra LUNA 99% Crash: How Did It All Go...
On 8 June 2022, the New York State’s Department of Financial Services (DFS) issued a Regulatory Guidance on Baseline Criteria for USD-Backed Stablecoins. The Guidance applies to entities licensed by the DFS to engage in virtual currency business activity (so-called “BitLicense”)...
Checkout.com, a well-known payments company valued at $40 billion, now accepts and processes cryptocurrency payments. It is one of the latest online payment startups to incorporate cryptocurrencies into its payment structure. The company will allow its merchants to accept...
Decentralized Finance (DeFi) is a sector in the crypto space dedicated to decentralized financial services. It includes a variety of financial services that anyone can access. These services differ from centralized financial services in that they are managed by...
The two prominent projects building on the highly scalable blockchain, Algorand, have agreed to a strategic partnership. Goracle, a decentralized oracle network, will incorporate data feeds into the HEADLINE's Dev Tools. The former is known for creating a bridge...
The Ethereum 'Merge,' one of the most significant technological changes to the blockchain since its inception in 2015, could be one of the few catalysts that could provide a much-needed boost to DeFi. DeFi (decentralized finance) investors are...
Reggie Fils-Aimé, the former president of Nintendo, has stated that gaming companies are becoming more interested in the metaverse and its elements. The benefits of incorporating metaverse elements into traditional gaming franchises are becoming apparent. He believes that notable...
Decentralized Finance (DeFi) is an important aspect of blockchain technology, as it offers both regular and new financial instruments that possess the element of decentralization. As the DeFi space grows, more financial options are emerging, such as yield farming,...
Uniswap (UNI), Chainlink (LINK), Sushiswap (SUSHI), and 1inch Network (1inch) are among the decentralized finance cryptocurrencies that have had significant price drops in the last 48 hours. According to data from CoinMarketCap, UNI (the native currency of the renowned...
High-risk assets such as crypto and equities have been experiencing a downtrend throughout 2022 due to weak macroeconomic conditions exacerbated by Russia's invasion of Ukraine in February. DeFi tokens, however, have been hit harder than the rest of the...
